PF treatment in Balance Sheet

Yes , Provident  fund   deducted  form employees salary  is   liability   to pay to GOVT  account  (P.F Dept ) with in due date  ,   therefore  you have  show under current  liability  in  Balance sheet . 

Ok can you also confirm on the treatment of Total PF Balance.

For example if PF Account has Rs 1,00,000 Balance, then do we need to show this amount in Balance Sheet ?

First of all Balance Sheet not required for Salaried Person, only Form 16 is enough

As per my knowledge ITR 1 does not ask for balance sheet

provident fund have two elements
one employers contribution
second employees contribution
when employer contributes it becomes expenses for his or her company and recorded in profit and loss Account where's as it becomes liability for employee side
provident fund contribution a/c dr to
provident fund payable a/c

now employee contribution
when it deducted from salary and become liability record under other long term liability in balance sheet

salary a/c dr
to provident fund payable a/c
to cash a/c

now at the stage of fund transfer we have two liability Account one employers contribution another employee contribution
hence

provident fund bank a/c dr
to employee bank account

now the interest treatment it's also liability
provident fund bank a/c dr
to provident fund payable a/c






 

He is not  asking  about  filing  of   ITR1  return , he his asking about  treatment  of   PF  ( employees)  contributions  in  Balance sheet  . 

Provident fund or PF is a compulsory retirement savings plan managed by the government where employees contribute a fixed percentage of their monthly pay-out and the same amount is contributed by the employer. Accounting and Journal entry for provident fund is a 3 step process.

When salaries are paid to employees, the employer deducts the employee’s contribution from it and only the net amount is paid. Employer’s own contribution along with the employee’s share is later on deposited with the proper authority.

I also have a question: What are the treatment and journal entries of interest from an investment made to a provident fund in the books of accounts of the employer? and 

 

Interest from an investment made to a provident fund is an asset or liability from the employer's point of view? and

Where to show it on the balance sheet?